(urth) Gene Wolfe's Politics
dstockhoff at verizon.net
Fri Mar 27 19:47:44 PDT 2009
Ah, but the lure of vast wealth is a strong motivator. That's why there were pirates on the Spanish Main: because the Spanish shipped gold from west to east. More will take their place, chastened only a little.
I agree that the calculus must be shifted. A lot less chance of success---no more easy money---and a little more risk of serious failure, and the investment banks will sober up.
The regular banks need to be smashed into little pieces.
But those are MY politics.
Date: Fri, 27 Mar 2009 21:31:10 -0500
From: Adam Thornton <adam at io.com>
Subject: Re: (urth) Gene Wolfe's Politics
To: The Urth Mailing List <urth at lists.urth.net>
Message-ID: <96D8ABC4-853C-446D-9745-63FE64C0A2B7 at io.com>
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On Mar 27, 2009, at 8:45 PM, brunians at brunians.org wrote:
> > This is why 'raising taxes on the rich' doesn't work, for those of
> > you who
> > have been paying attention.
Yabbut raising taxes on the poor doesn't help either because they
ain't got no money.
I am of the strong opinion that, rather than inviting the CEOs of the
15 biggest banks in the country to the Oval Office and talking to
them, we should simply hang them from lampposts by their own
intestines as a warning to the others. It would be much cheaper and
much more effectual in the long--hell, even the medium--run.
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